Monday, August 23, 2010

DTN News: Force Protection Receives $64.1 Million Award For Additional Vehicle Modernization....NSI News Source Info # 1013

(NSI News Source Info) LADSON, SC - August 23, 2010: Force Protection Industries, Inc., a wholly-owned subsidiary of Force Protection Inc. (NASDAQ:FRPT), a leading designer, developer and manufacturer of survivability solutions and provider of total life cycle support for those products, today announced that it has received a modification to existing contract M67854-07-D-5031 with an approximate value of $64.1 million for seat survivability upgrade kits for 1,946 Mine Resistant Ambush Protected Category I Cougar vehicles. The modification is subject to definitization. Work will be performed primarily in Afghanistan with additional work in Kuwait and home stations in the United States. All work under this modification is expected to be complete by February, 2011.

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